Advances in Gas Analyzer Technology Predicted to Drive the Global Gas Analyzer Market Until 2020, Says Technavio
By Business Wire News
By Business Wire News
According to the latest research study released by Technavio, the global gas analyzer market is expected to reach USD 465.1 million in revenue by 2020.
This research report titled ‘Global Gas Analyzer Market 2016-2020,’ provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various end-user segments, including oil and gas, power, chemical, food and beverage, and pharmaceuticals.
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“Vendors are equipping gas analyzers with PC-based solutions, which function on Windows or Linux OS and store data on the hard disk drive. The gas analyzers can send real-time data to a data logger through the Ethernet outputs. These analyzers can be controlled remotely via the Internet by using KVM over IP devices. This facilitates the operator to control the gas analyzer through the Internet, using a web browser,” said Bharath Kanniappan, one of Technavio’s lead analysts for automation research.
Global gas analyzers market by end-users 2015
• Oil and gas
• Food and beverage
|Source: Technavio research|
Global gas analyzers market in oil and gas industry: largest market
The global gas analyzers market in the oil and gas industry was valued at USD 116.3 million in 2015. The oil and gas industry is a major end-user of gas analyzers. The most commonly used H₂S and oxygen gas analyzers are used to prevent corrosion in a natural gas infrastructure. They measure the corrosive mixture of water vapor and gases that produce sulfuric acid and carbonic acid. The corrosion of pipelines and other iron components are caused due to mixture of carbon dioxide, oxygen, H₂S, and water vapor. The gas analyzers monitor and prevent deterioration of gas pipelines that can result in possible rupture and explosion. Accurate measurement of gases extends the life of the infrastructure and increases safety.
Global gas analyzers market in power industry: second largest market
The global gas analyzers market in the power industry was valued at USD 91.2 million in 2015. Gas analyzers are widely used in power generation plants, including large combustion plants, gas turbines, industrial furnaces, and industrial engines. They are used to make professional measurements in all power generation and industrial combustion systems. They also measure hydrogen when the turbo generator is running and monitor stages of purge cycle (H₂-CO₂-air) before and after shutdowns.
In the power industry, India is expected to attract USD 250 billion worth of investments until 2020. The government’s initiatives, such as rural electrification, coal swapping, and other policies for the electricity sector in the country will increase the investment in the power sector. India is also emphasizing on infrastructure development, especially in power generation and distribution, resulting in the setting up of many power plants and distribution systems. These developments will lead to new investments in the power industry in the country, leading to a greater demand for gas analyzers.
Global gas analyzers market in the chemical industry
The global gas analyzers market in the chemical industry was valued at USD 72.89 million in 2015. The analysis of gases, gaseous mixtures, and water vapors is critical in the chemical industry. Gas analyzers are used in a diverse range of applications, including gas reactions and gas compositions. They are also used for real-time measurement to help research in catalysis, fuel cells, VOCs, and bio fuels.
The recovery from Eurozone crisis in developed markets, especially in the UK and France, and rapid industrial development in developing economies, such as China, India, Indonesia, and Mexico, have accelerated the demand for chemicals products. Manufacturers are expanding either their existing capacity or building new capacity to respond to the growing demand.
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